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Centre signs 3 MoUs with state govts for rail projects

Centre signs 3 MoUs with state govts for rail projects

During the last three years and current year, three Memorandum of Understandings (MoUs) have been signed for construction of new railway lines with State Governments of Chhattisgarh, Jharkhand and Rajasthan. This information was given by the Minister of State for Railways Adhir Ranjan Chowdhury in written reply to a question in Lok Sabha

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Goa govt prepares draft investment policy

Goa govt prepares draft investment policy

Goa government prepared a draft investment-cum-industrial polic, which laid a special thrust on development of Special Investment Regions (SIRs). The SIRs will attract large investments, economies of scale and world class infrastructure arrangements. SIRs involves special areas demarcated for development with their own industrial, social and urban infras

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TN govt asks GAIL to lay pipelines on roadsides

TN govt asks GAIL to lay pipelines on roadsides

Tamil Nadu Chief Minister J Jayalalithaa said her government would not allow the Kochi-Bengaluru GAIL gas pipeline project to affect the welfare of farmers. It may be recalled that local farmers are protesting against GAIL's decision to lay gas pipeline on agricultural land. Recently, the state government held a three-day consultation with affected farmers. Also, the chief minister asked Chief Secretary Sheela Balakrishnan to hold discussions with those affected

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Association suggests port to dredge Hooghly river

Association suggests port to dredge Hooghly river

In a memorandum to the Chairman of the Kolkata Port Trust, the Association of Shipping Interests in Calcutta (ASIC) urged the former to get dredging done in the Hooghly river through a private player. The association asked the port to examine the scope of appointing private dredging majors for better navigability on the Hooghly river. Currently, public sector Dred

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Govt to upgrade 5 roads via PPP model

Govt to upgrade 5 roads via PPP model

Haryana government would adopt Public Private Partnership (PPP) model to develop five major roads in the state, the state Industries and Public Works Minister Randeep Singh Surjewala said. The five roads identified for the project are Bahalgarh chowk Meerut-Sonepat road, Panipat-Sonali Road SH-16, Kond-Moonak-Salwan-Assandh road till MDR border, Palwal- Aligarh Road and Karnal-Meerut Road, he said after inaug

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Tata Steel despatches rails for metro project

Tata Steel despatches rails for metro project

L&T Metro Rail Hyderabad received the first consignment of rails despatched by the French unit of Tata Steel. Tata Steel's unit in France is said to be having a proven record of supplying rails to major railway projects in the world and also to the Indian market. These rails were transported by road on 60-feet special trailers to the Metro Rail Uppal depot after they were

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Proposed programme may attract Rs 7.7 bn investment

Proposed programme may attract Rs 7.7 bn investment

The proposed Tamil Nadu Investment Promotion Programme would encourage investment flow of around Rs 770 crore in small and medium infrastructure projects over the next three years. The state Finance Minister O Panneerselvam informed this in the State Assembly recently. The state government proposes to establish the programme with assis

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Projects worth Rs 63 bn awarded so far in 2012-13

Projects worth Rs 63 bn awarded so far in 2012-13

Agency reports indicate that the union shipping ministry awarded 27 projects worth Rs 6,302.31 crore between April 1, 2012 and March 19, 2013. It may be recalled that the ministry aimed to award 42 projects entailing Rs 14,500-crore investment in 2012-13. The targeted 42 projects were to raise the capacity of major ports by 245 million tonne (mn t). However, the a

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Consortium may lend Rs 7 bn to Dighi Port

Consortium may lend Rs 7 bn to Dighi Port

A consortium of banks led by Bank of India would reportedly lend Rs 700 crore for the infrastructure project proposed to be carried out by Vijay Kalantri-promoted Dighi Port. The project, which is estimated to cost Rs 1,000 crore, includes setting up a new berth and road and rail infrastructure at the port. The remaining cost would be met by the promoters, reports indicate

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Delhi govt to spend Rs 374 bn in 2013-14

Delhi govt to spend Rs 374 bn in 2013-14

Delhi Chief Minister Sheila Dikshit presented the budget for 2013-14 which pegged the overall outlay for the financial year at Rs 37,450 crore. While the state government allocated Rs 16,000 crore for plan expenditure, the total non plan expenditure has been proposed at Rs 21,000 crore